North Sea News

 

Magseis Fairfield Wins 4D OBN Deal in North Sea

Nov 14, 2022

Marine seismic data acquisition company Magseis Fairfield said Monday it had signed an agreement with a repeat customer for a 4D OBN project in the North Sea with options for additional work. The project is scheduled to start in Q2 2023, with an expected duration of approximately one month…

SolarDuck to Build 5MW Floating Solar Plant Next to RWE's Wind Farm in Dutch North Sea

Nov 11, 2022

Dutch-Norwegian floating solar farm developer SolarDuck said Friday it would build the world´s largest hybrid offshore floating solar power plant at the offshore wind farm Hollandse Kust West VII in the Netherlands, following the winning bid of RWE´s subsidiary Oranje Wind Power II…

5-year Deal: Semco Maritime to Provide Manpower & Construction Services for TotalEnergies in Denmark

Nov 11, 2022

French oil and gas firm TotalEnergies has awarded Denmark-based Semco Maritime a 5-year contract for the provision of manpower and construction service on offshore installations in the Danish part of the North Sea. The contract covers November 2022 - October 2027…

Windfall Tax Changes Could Render North Sea 'uneconomical' Says Ithaca Chairman

Nov 10, 2022

Any changes to Britain's oil and gas windfall tax law that would remove incentives to invest in the North Sea would make field developments in the ageing basin 'uneconomical', the chairman of newly-listed Ithaca Energy said on Wednesday. Ithaca…

Ithaca Energy Shares Dip after UK's Largest IPO This Year

Nov 09, 2022

Ithaca Energy shares dipped on their London debut on Wednesday after the North Sea oil and gas producer defied volatile markets to deliver Britain's largest initial public offering (IPO) this year, and Europe's fifth biggest. The shares opened…

Ithaca Energy IPO Set to Price at Lower End of Range - Bookrunner

Nov 07, 2022

A planned initial public offering of North Sea oil and gas producer Ithaca Energy IPO is set to price at the lower end of the previously guided range, bookrunners on the deal said on Monday.The revised price guidance is for between 250 and 270 pence per share…

Offshore Wind: Ørsted Taps Sembmarine for Hornsea 2 Preventative Maintenance

Nov 04, 2022

Singapore-based Sembcorp Marine said Friday its subsidiary Sembmarine SLP had won a Planned Preventative Maintenance (PPM) contract with the Danish offshore wind developer Ørsted for the Hornsea 2 offshore wind farm, one of the world’s largest…

OMV Makes Gas/Condensate Discovery Offshore Norway

Nov 04, 2022

Austrian oil and gas company OMV has made gas/condensate discoveries offshore Norway at the Oswig exploration well 30/5-4S and sidetrack 30/5-4A.The wells were drilled about 10 kilometers northwest of the Oseberg field in the North Sea and 150…

More Than 60% of Port of Aberdeen's South Harbour Expansion Project Operational

Nov 03, 2022

More than 60% of the Port of Aberdeen's £400 million South Harbour development is now operational, marking the project's penultimate construction milestone, the port said in a statement on Thursday.The handover from construction to operations for Dunnottar…

Harbour Energy Expects $400M in UK Windfall Tax This Year

Nov 03, 2022

Harbour Energy on Thursday forecast liabilities from the UK's windfall tax on energy companies to be about $400 million this year, and urged the government to 'carefully consider' the consequences of any increase or extension to the scheme. The…

Hurricane Energy Launches its Own Sale after Unsolicited Bid

Nov 02, 2022

North Sea oil and gas producer Hurricane Energy launched a formal sale process after receiving an unsolicited offer from an unnamed bidder which its board considers too low, it said on Wednesday.Last year, Hurricane effectively gave control…

Ithaca Energy Breathes Life into UK Stock Market as Bookrunners Eye $3.6B Listing

Nov 02, 2022

Ithaca Energy's London listing will be priced at 250 to 310 pence, giving the North Sea oil and gas producer an implied market value of 2.5 billion to 3.1 billion pounds ($2.87 billion to $3.56 billion), bookrunners said on Wednesday. Ithaca…

UK: Oil Firms Failing to Meet Drilling Obligations Face Financial Penalties

Oct 28, 2022

The UK oil and gas regulator North Sea Transition Authority (NSTA) warned the industry on Friday that it would not hesitate to take action against companies that fail to meet their license obligations. 'An investigation has been opened into whether a company…

Centrica Reopens UK's Rough Gas Storage Site in Time for Winter

Oct 28, 2022

British Gas owner Centrica has reopened its Rough gas storage site off England's east coast at about 20% of its previous capacity, enough to heat 1 million homes for 100 days this winter, the company said on Friday.Countries across Europe have…

PHOTO: First Jacket Installed at Neart na Gaoithe Offshore Wind Farm Site

Oct 26, 2022

The first wind turbine jacket foundation has been installed at the Neart na Gaoithe offshore wind farm, 15.5km off the east coast of Scotland.Following the arrival of the first ten steel jackets on site, Saipem, through its subcontractor Heerema…

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